$10,000 Closing Credit*
$874,900
5,175 SqFt
5 Beds
•4 Full Baths, 1 Partial
Benjamin Gordon White, Listing Office: Compass
Is Piedmont, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Piedmont was a Neutral Market.
Key Takeaway
Piedmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Piedmont, DE
How much do homes in Piedmont, DE cost?
Median Sold Price
$653,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,312(+5.9%)
Key Takeaway
Homes in Piedmont have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Piedmont was $653,000 in October 2024, up 5.9% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $362.5K | +11.5% |
| 3 Bedrooms | $508K | $533K | +4.9% |
| 4 Bedrooms | $640K | $650K | +1.6% |
| 5+ Bedrooms | $955K | $855K | -10.5% |
Summary: Piedmont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Kennett Township | $567.5K | $652.2K | +14.9% |
| Hockessin | $527.5K | $597K | +13.2% |
| Piedmont | $616.6K | $653K | +5.9% |
Housing Supply in Piedmont, DE
How many homes are available in Piedmont, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 84 | -12.5% |
Summary: The Piedmont real estate market had 84 homes for sale in October 2024, a 12.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 58 | 51 | -12.1% |
| 5+ Bedrooms | 22 | 17 | -22.7% |
Summary: The Piedmont housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 22.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Piedmont, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Piedmont in October 2024, down by 10.3% month-over-month. Of the 26 sold homes, 42% were sold under asking, 27% were sold at asking, and 31% were sold over asking.
Days on Market for Piedmont, DE
How long does it take to sell a home in Piedmont, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 17 Days | +160.8% |
Summary: Homes in Piedmont had an average of 17 days on market in Oct 2024, up by 160.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Piedmont are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Piedmont; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
